Citi Held for Asset Issuance Trust will offer $376 million of securities backed by unsecured consumer installment loans originated and serviced through Prosper Fundings online platform.
The $220 million transaction, called Sierra Timeshare 2015-3, will be backed by a pool of fixed-rate timeshare loans originated by Wyndham Vacation Resorts, Inc. (WVRI) and Wyndham Resort Development Corporation (WRDC).
Fitch Ratings expects to assign AAA ratings to all 20 tranches of Series 2015 bonds to be issued via the Utility Debt Securitization Authority.
Domino's Series 2015-1 will offer $1.5 billion of new fixed rate notes; proceeds will be used to prepay and retire 35% of the 2012 Notes.
Wells Fargo, the worlds largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric as the industrial giant retreats from financial services.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.Current Issue